Advisor takes over from Vicente Grande and must find a new owner by 30 January
The new president of Mallorca Joaquin Garcia, has a little over a month to find a new CEO or owner of the troubled club following the resignation of Vicente Grande. He began his short tenure with a statement outlining his ambition to draw a line under the institutional instability that has paralyzed Real Mallorca. “Today we are facing the final solution to the problems facing the club.”
On 30 January there will be a general shareholders meeting to formalize the appointment of whoever takes over the reins from Vicente Grande. There is no ´Plan B´, it has been revealed. If Garcia can not find anyone to take over the ailing club the matter will move to court. The urgency of the matter was underlined by the fact that bankruptcy administrators have been provisionally called in to deal with the eventuality of a rescuer not being found.